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Some Black Americans who were accused of crimes during the Jim Crow era were thrown into work camps while in prison. There they labored decades after slavery had been abolished. People in convict work camps in Atlanta are known to have helped construct buildings that still exist today, like the federal penitentiary and homes in the upscale neighborhood Inman Park. That legacy in Atlanta is tied to a former mayor from the 1880s, James W. English. He owned the Chattahoochee Brick factory, among other businesses, and according to a book by the journalist Douglas Blackmon, English’s companies managed 1,206 of Georgia’s 2,881 convict laborers, who made bricks, among other manual jobs. English’s “great personal wealth was inextricably linked to the enslavement of thousands of men” decades after slavery had been outlawed, Blackmon wrote. In addition to the convict-staffed brick factory, English owned a bank that merged into Wachovia, which is now part of Wells Fargo. From these businesses, his descendants had money and opportunities to build more wealth: a great-grandson, James D. Robinson III, went on to serve for twenty years as the chief executive of American Express, and then he had wealth and connections to help his son, James IV, found a venture capital firm in 1994. That firm, RRE Ventures, became one of the most successful and lucrative venture capital firms in the world. Robinson III referred our question about the era of convict leasing to a relative by marriage, who told us, “It was a black mark, and history is messy.
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Louise Story (Fifteen Cents on the Dollar: How Americans Made the Black-White Wealth Gap)